Bally Total Fitness (NYSE:BFT), the leading operator and
provider of health and fitness clubs, products and services, clarified
its Form S-8 Registration Statement filed yesterday with the
Securities and Exchange Commission with respect to the 2.5 million
shares of common stock registered for resale under the Company's 1996
Long-Term Incentive Plan (Incentive Plan), and 600,000 shares of
common stock registered for resale under the Bally Total Fitness
Holding Corporation Employment Inducement Award Equity Incentive Plan
(Inducement Plan).
The Company said that all of the shares registered on the Form S-8, with the exception of 121,461 shares, had previously been issued or are subject to options previously issued under the plans. All issuances of shares under the plans to date are reflected in the Company's Annual Report on Form 10-K filed on November 30, 2005. As stated in the 10-K, the total shares outstanding on November 29, 2005 was 37,940,480. As of today, 62,000 shares remain available for issuance under the Inducement Plan and 59,461 shares remain available for issuance under the Incentive Plan.
About Bally Total Fitness
Bally Total Fitness is the largest and only nationwide commercial operator of fitness centers in the U.S., with nearly 440 facilities located in 29 states, Mexico, Canada, Korea, China and the Caribbean under the Bally Total Fitness(R), Crunch Fitness(SM), Gorilla Sports(SM), Pinnacle Fitness(R), Bally Sports Clubs(R) and Sports Clubs of Canada (R) brands. Bally offers a unique platform for distribution of a wide range of products and services targeted to active, fitness-conscious adult consumers.
Forward-looking statements in this release including, without limitation, statements relating to the Company's plans, strategies, objectives, expectations, intentions, and adequacy of resources, are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements involve known and unknown risks, uncertainties, and other factors that may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements.
The Company said that all of the shares registered on the Form S-8, with the exception of 121,461 shares, had previously been issued or are subject to options previously issued under the plans. All issuances of shares under the plans to date are reflected in the Company's Annual Report on Form 10-K filed on November 30, 2005. As stated in the 10-K, the total shares outstanding on November 29, 2005 was 37,940,480. As of today, 62,000 shares remain available for issuance under the Inducement Plan and 59,461 shares remain available for issuance under the Incentive Plan.
About Bally Total Fitness
Bally Total Fitness is the largest and only nationwide commercial operator of fitness centers in the U.S., with nearly 440 facilities located in 29 states, Mexico, Canada, Korea, China and the Caribbean under the Bally Total Fitness(R), Crunch Fitness(SM), Gorilla Sports(SM), Pinnacle Fitness(R), Bally Sports Clubs(R) and Sports Clubs of Canada (R) brands. Bally offers a unique platform for distribution of a wide range of products and services targeted to active, fitness-conscious adult consumers.
Forward-looking statements in this release including, without limitation, statements relating to the Company's plans, strategies, objectives, expectations, intentions, and adequacy of resources, are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements involve known and unknown risks, uncertainties, and other factors that may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements.
© 2005 Business Wire
